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An economist estimates that a market has a demand curve of the form P = 42 - (1.4) Q and a supply curve of the

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An economist estimates that a market has a demand curve of the form P = 42 - (1.4) Q and a supply curve of the form P = 4.5 + (0.7) Q. (See the curves graphed in the figure below.) Accordingly, she estimates that the equilibrium price ( P e) in the market will be $17 (or $17). This means that the amount of the product bought and sold in the market must be Supply Pe Demand Qe A. 42.86 B. 5.36 OC. 24.11 OD. 17.86

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